IHS Chemical Week

Chemical Week Magazine :: Basic Chemicals & Plastics

Latin America: A strategic market for US producers

6:23 AM MDT | August 29, 2014 | —Rina Quijada

Low-cost feedstock availability in North America is reshaping the petrochemical industry in Latin America. With no significant capacity addition in Latin America over the past 10 years, the region will now face steep competition from North American producers in many basic petrochemicals and derivatives. Demand for end-use products derived from petrochemical facilities continues to grow as emerging economies report economic growth and stable governments. The chart shows forecast GDP growth rates for the region’s major economies through 2018. Brazil has until now...

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